Posted by John Merchant on August 06, 2004 at 10:07:05:
I’d sure recommend your starting by getting and reading Pub.590 from local IRS office, on IRAs and their uses.
For one thing, a self employed person can legally have several different IRAs, including SEPIRA, SIMPLE IRA, etc., and that way, stack away lots of bucks in various retirement plans…and any IRA can be used, with right SDIRA custodian, to buy RE, notes, etc.
IRA deductions for self employed investor - Posted by J Torbutt
Posted by J Torbutt on July 31, 2004 at 12:46:10:
It used to be a self employed individual (including a real estate investor) could put up to $25,000 into an IRA, what is the limit now, and how is it set up? i.e. deposits from being self employed, and an employer etc.
Re: IRA deductions for self employed investor - Posted by John K Haslach, CPA, MST
Posted by John K Haslach, CPA, MST on August 06, 2004 at 04:36:39:
There is a lot you can do with this, including investing your retirement money in real estate. If done properly, some of the income/gain could be tax free. You should discuss it with a professional who is experienced in this area.
Re: IRA deductions for self employed investor - Posted by John Merchant
Posted by John Merchant on August 02, 2004 at 12:34:05:
Go get and read Pub. 590, IRS publication/booklet (FREE) from IRS office, on IRAs, and you’ll quickly see current IRA & SEPIRA rules, annual contributable amounts, etc.